Tuesday, August 4, 2009

Thank you for expressing your concerns about the confusion the Minister of Finance has caused on income trusts.

Income trusts have helped numerous Canadian companies grow and flourish and enabled ordinary Canadians to generate more income for their retirement years. The federal Liberal government's reckless decision last September to cancel advance tax rulings on income trusts caused Canadian businesses to lose billions of dollars in market capitalization and Canadians to lose thousands of dollars of personal savings.

Canadians investing in good faith to save for their retirement deserve certainty, not a government review of how the Liberals can grab more taxes from them.

We know that Canadians draw regularly form their investments to supplement their retirement savings. When the value of their investments drops as a result of government indecisiveness, so does their retirement income. It is time the government stopped penalizing our citizens.

My colleagues and I in the Conservative Party are committed to maintaining income trusts as a valuable savings and investment tool for Canadians.

I agree sir! I don't deny that,it's all part of the great democracy that we all live in. It's just that I find it odd if something isn't worth being on paper,why would it be worth your time to put it on your blog?

Stockwell Day is a prominent Canadian & I have a ton of respect him--he is a more than adequate minister & he will get the credit due from me.

His writings are just one of the many letters from other Conservative MPs & comments made by such citizens as Stephen Harper , Jim Flaherty & others who declared in writing & on video that they would not tax trusts & that they would defend us from the Liberal horde.

As a prominent Canadian he is responsible for what he says & does.

I am sure he would be the first to say that if any blog wants to reprint a letter such as this , then go for it.

Dr Mike

PS--I didn`t write this blog but I defend the right of the author to print it.

"PS--I didn`t write this blog but I defend the right of the author to print it."

I think your missing the point sir. Who ever put this post up has all the right in the world to do so. It's a free country.It's just that I see a contradiction here " not worth being on paper,but worth being on this blog." Don't you find it ironic? Maybe it's just me!

Looks like 'Proud Canadian" does not understand the concept of Pious Hiprocisy emitting from Stockwell Day and the rest of those Con Party Fascist Goofs every time they open their lying mouths. Go look up the term dude.

The point that you have obviously missed or are choosing to miss is that the blog author is showing how worthless Stockwell Day's words are. The letter is but an example.

It’s intended for those who are a little more insightful allowing them to connect the dots to the other broken promises made by the CONservatives regarding income trusts.

I hope this help you understand the catastrophic decision made by the CONservatives that cost Canadian investors $35billion and all tax payers billions of dollars in lost tax revenue per year ad infinitum. Aren’t you concerned about the cost to you the taxpayer?

EVENTS

Income Trust Halloween VigilThanks to all who participated in both the Ottawa and Calgary vigils to mark the anniversary of the announcement.

WE"D LIKE SOME ANSWERS

As you well know, the ‘income trust thing’ has grown beyond the
question of whether fair taxes are paid on income from trusts. It’s
become a giant dirty snowball, and as it rolls forward it accumulates
more and more bulk. There are so many unanswered questions. Let's list a few and invite our "Accountable" government and our free press to provide some much-needed answers.

It is said “Trusts are inefficient use of capital. Why?” Two
related questions are ‘Whose money is it, anyway?’, and ‘Do Canadian
investors have a free and efficient market?’

How can information that is already in the public domain at SEDAR
make for a state secret? How could such information be used to harm
the Canadian national interest? And who would cause the harm?

Why won’t the Canadian media investigate the falsehoods and
misrepresentations told by the Minister of Finance to a committee of
Parliament? Was the Minister in contempt of Parliament?

Why won’t the Canadian media report (a) government tax revenues
gained from BCE in 2006 when BCE was a corporation to (b) government
tax revenues that would be gained in 2007 from BCE, if BCE had been
allowed to proceed to a trust, and (c) government tax revenues that
will be gained in 2007 from BCE, when BCE ownership has been carved
up as 45% foreign ownership and 55% large Canadian pension fund
ownership?